Latvia Wind Turbine Shaft Market (2025-2031) | Growth, Share, Industry, Forecast, Analysis, Outlook, Companies, Segmentation, Trends, Competitive Landscape, Size & Revenue, Value

Market Forecast By Type (Metal Wind Turbine Shaft, Synthetic Composite Wind Turbine Shaft), By Application (Original Equipment Manufacturers (OEMs), Aftermarket) And Competitive Landscape
Product Code: ETC7924732 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Wind Turbine Shaft Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to rely on imports of wind turbine shafts, with top exporters including China, Hong Kong, Metropolitan France, Canada, and Lithuania. Despite a high level of market concentration, the industry experienced a significant decline with a CAGR of -25.81% from 2020 to 2024. The growth rate plummeted by -83.17% in 2024, reflecting challenges faced by the sector. This data underscores the importance of monitoring trends and adapting strategies to navigate the volatile market conditions in the wind turbine industry.

Latvia Wind Turbine Shaft Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Wind Turbine Shaft Market Outlook
  • Market Size of Latvia Wind Turbine Shaft Market, 2024
  • Forecast of Latvia Wind Turbine Shaft Market, 2031
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Revenues & Volume for the Period 2021- 2031
  • Latvia Wind Turbine Shaft Market Trend Evolution
  • Latvia Wind Turbine Shaft Market Drivers and Challenges
  • Latvia Wind Turbine Shaft Price Trends
  • Latvia Wind Turbine Shaft Porter's Five Forces
  • Latvia Wind Turbine Shaft Industry Life Cycle
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Market Revenues & Volume By Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Market Revenues & Volume By Metal Wind Turbine Shaft for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Market Revenues & Volume By Synthetic Composite Wind Turbine Shaft for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Market Revenues & Volume By Application for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Market Revenues & Volume By Original Equipment Manufacturers (OEMs) for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Wind Turbine Shaft Market Revenues & Volume By Aftermarket for the Period 2021- 2031
  • Latvia Wind Turbine Shaft Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Latvia Wind Turbine Shaft Top Companies Market Share
  • Latvia Wind Turbine Shaft Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Wind Turbine Shaft Company Profiles
  • Latvia Wind Turbine Shaft Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Latvia Wind Turbine Shaft Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Wind Turbine Shaft Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Wind Turbine Shaft Market - Industry Life Cycle

3.4 Latvia Wind Turbine Shaft Market - Porter's Five Forces

3.5 Latvia Wind Turbine Shaft Market Revenues & Volume Share, By Type, 2021 & 2031F

3.6 Latvia Wind Turbine Shaft Market Revenues & Volume Share, By Application, 2021 & 2031F

4 Latvia Wind Turbine Shaft Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing government support and incentives for renewable energy projects in Latvia

4.2.2 Growing awareness and adoption of clean energy sources in the country

4.2.3 Favorable wind conditions in Latvia for wind energy generation

4.3 Market Restraints

4.3.1 High initial capital investment required for setting up wind turbine shaft installations

4.3.2 Fluctuations in raw material prices impacting manufacturing costs

4.3.3 Regulatory challenges and permitting processes for wind energy projects in Latvia

5 Latvia Wind Turbine Shaft Market Trends

6 Latvia Wind Turbine Shaft Market, By Types

6.1 Latvia Wind Turbine Shaft Market, By Type

6.1.1 Overview and Analysis

6.1.2 Latvia Wind Turbine Shaft Market Revenues & Volume, By Type, 2021- 2031F

6.1.3 Latvia Wind Turbine Shaft Market Revenues & Volume, By Metal Wind Turbine Shaft, 2021- 2031F

6.1.4 Latvia Wind Turbine Shaft Market Revenues & Volume, By Synthetic Composite Wind Turbine Shaft, 2021- 2031F

6.2 Latvia Wind Turbine Shaft Market, By Application

6.2.1 Overview and Analysis

6.2.2 Latvia Wind Turbine Shaft Market Revenues & Volume, By Original Equipment Manufacturers (OEMs), 2021- 2031F

6.2.3 Latvia Wind Turbine Shaft Market Revenues & Volume, By Aftermarket, 2021- 2031F

7 Latvia Wind Turbine Shaft Market Import-Export Trade Statistics

7.1 Latvia Wind Turbine Shaft Market Export to Major Countries

7.2 Latvia Wind Turbine Shaft Market Imports from Major Countries

8 Latvia Wind Turbine Shaft Market Key Performance Indicators

8.1 Average capacity factor of wind turbines in Latvia

8.2 Number of new wind turbine installations in the country

8.3 Average age of wind turbine shaft installations in Latvia

9 Latvia Wind Turbine Shaft Market - Opportunity Assessment

9.1 Latvia Wind Turbine Shaft Market Opportunity Assessment, By Type, 2021 & 2031F

9.2 Latvia Wind Turbine Shaft Market Opportunity Assessment, By Application, 2021 & 2031F

10 Latvia Wind Turbine Shaft Market - Competitive Landscape

10.1 Latvia Wind Turbine Shaft Market Revenue Share, By Companies, 2024

10.2 Latvia Wind Turbine Shaft Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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